Search Results - subject:"IS LM Model"

Econometric analysis of structural systems with permanent and transitory shocks

Pagan, Adrian R. (contributor); … - 2008

which may or may not be correct and the truth of which is not testable. 4.4 Gali�s IS-LM Model (Gali, 1992) Gali presents a … cycle decomposition of Shapiro and Watson (1988), the macro- econometric model of King et al. (1991), the in�uential IS-LM … model of Gali (1992), and its extensions in Gali (1999) and Fisher (2006) that consider the identi�cation of alternative …

Persistent link: https://www.econbiz.de/10003798174

Does money matter in the IS curve? : the case of the UK

Jones, Barry E. (contributor); Stracca, Livio (contributor) - 2008

Narrow and broad money measures (including Divisia aggregates) have been found to have explanatory power for UK output in backward-looking specifications of the IS curve. In this paper, we explore whether or not real balances enter into a forward-looking IS curve for the UK, building on the...

Persistent link: https://www.econbiz.de/10003782649

Econometric Analysis of Structural Systems with Permanent and Transitory Shocks

Pagan, Adrian R. - 2008

This paper considers the implications of the permanent/transitory decomposition of shocks for identification of structural models in the general case where the model might contain more than one permanent structural shock. It provides a simple and intuitive generalization of the influential work...

Persistent link: https://www.econbiz.de/10012723389

Response of Venezuelan Output to Monetary Policy, Deficit Spending, and Currency Depreciation : A VAR Model

Hsing, Yu - 2008

This study applies the VAR model to find possible responses of real GDP to selected macroeconomic variables in Venezuela. Based on an annual sample during 1961-2001, the author finds that the real GDP responds positively to a shock to real M2 , goverment déficit spending, exchange rate...

Persistent link: https://www.econbiz.de/10014056061

An economical business-cycle model

Michaillat, Pascal; Saez, Emmanuel - 2014

Persistent link: https://www.econbiz.de/10010235403

International trade and global macropolicy

Langdana, Farrokh K.; Murphy, Peter T. - 2014

1 Introduction -- Part I International Trade Theory -- 2 The Origins of International Trade Theory -- 3 The Ricardian Trade Model -- 4 Factor Intensity -- 5 Stripping Away Ricardo's Assumptions -- 6 Trade Barriers and Protectionism -- Part II Global Macroeconomics Policy Demystified -- 7 Global...

Persistent link: https://www.econbiz.de/10009784623